Solar developer Adani Green Energy has announced plans to buy SoftBank-backed renewable energy company SB Energy Holdings a in a deal with an enterprise value of US$3.5 billion.
India presents an “enormous potential” for the development of solar and wind hybrid power systems, with more than 12.3GW of collocated tenders issued in the country to date.
COVID-19-induced project delays impacted India’s solar power transition last year, but 2021 is still set to be a “landmark year” for the resource, according to new research.
Adani Green Energy has secured 3GW of PV capacity in a 6.4GW solar auction in the Indian state of Andhra Pradesh that saw higher tariffs than other recent tenders in the country.
India installed 745MW of solar and wind in December, taking the country’s total renewables capacity up to 91.1GW, according to new figures from JMK Research & Analytics.
Indian utility Gujarat Urja Vikas Nigam Limited has auctioned 500MW of PV capacity, with winning bids setting a record for the lowest solar tariff seen in India.
Despite recording a 70% year-on-year reduction in utility-scale solar installations in the first nine months of 2020, India’s renewable energy market is beginning to show signs of improvement, figures from JMK Research & Analytics reveal.
The deployment of wind-solar hybrid projects could play a key role in India meeting its renewable energy targets while also reducing intermittency problems, a new report says.
A strong rebound of utility-scale solar installations in India is not expected until 2021, with just 2.5GW expected to be deployed in the second half of this year, research from JMK Research & Analytics has found.
